Makes you wonder why QGL extended the offer now that withdrawals are outweighing acceptances. They could have closed last week and locked in a paper profit on 1.3c equivalent acceptances. Now they risk further withdrawals after the letter to shareholders a couple of days ago.
It increases the likelihood of LML and LMLND merging sooner rather than later. I guess the price gap will close up as March 6th gets closer. Always a slight chance QGL will extend again but don't see why they would.
Ann: Change in substantial holding from QGL, page-4
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.33M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $8.513K | 1.423M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 14667321 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 9728085 | 12 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LML (ASX) Chart |